Evolve Private Wealth LLC Acquires New Position in PTC Inc. $PTC

Evolve Private Wealth LLC bought a new position in shares of PTC Inc. (NASDAQ:PTC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 4,245 shares of the technology company’s stock, valued at approximately $482,000.

A number of other hedge funds have also bought and sold shares of the stock. Elyxium Wealth LLC purchased a new stake in shares of PTC during the fourth quarter valued at $27,000. Palladiem LLC purchased a new position in PTC in the 4th quarter worth $28,000. DV Equities LLC acquired a new stake in PTC during the 4th quarter worth about $29,000. Quarry LP grew its stake in PTC by 86.2% during the 3rd quarter. Quarry LP now owns 203 shares of the technology company’s stock valued at $41,000 after purchasing an additional 94 shares during the last quarter. Finally, Cedar Mountain Advisors LLC purchased a new stake in PTC during the 1st quarter valued at about $36,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PTC. Barclays raised their price objective on PTC from $150.00 to $155.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. BMO Capital Markets increased their price target on shares of PTC from $155.00 to $164.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. Weiss Ratings reissued a “hold (c-)” rating on shares of PTC in a research report on Monday, August 3rd. BNP Paribas Exane initiated coverage on shares of PTC in a research note on Thursday, June 18th. They set a “neutral” rating and a $130.00 price objective for the company. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $190.00 price objective on shares of PTC in a report on Thursday, July 30th. Seven equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $170.14.

PTC Stock Down 2.1%

PTC stock opened at $151.14 on Wednesday. PTC Inc. has a one year low of $108.50 and a one year high of $217.64. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.03 and a current ratio of 1.03. The firm’s fifty day moving average is $130.65 and its 200 day moving average is $140.15. The firm has a market cap of $16.40 billion, a PE ratio of 14.62, a P/E/G ratio of 2.20 and a beta of 0.98.

PTC (NASDAQ:PTC) last issued its quarterly earnings data on Wednesday, July 29th. The technology company reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.01. PTC had a net margin of 41.67% and a return on equity of 25.31%. The business had revenue of $600.05 million during the quarter, compared to the consensus estimate of $611.62 million. During the same quarter in the prior year, the firm posted $1.64 earnings per share. The company’s revenue was down 6.8% compared to the same quarter last year. PTC has set its FY 2026 guidance at 7.870-8.420 EPS and its Q4 2026 guidance at 1.630-2.210 EPS. On average, research analysts forecast that PTC Inc. will post 6.51 EPS for the current year.

PTC Company Profile

PTC Inc (NASDAQ: PTC) is a global technology company that develops software and services to help manufacturers design, operate, and service physical products. Founded in 1985 as Parametric Technology Corporation, PTC pioneered parametric, feature-based CAD with its Pro/ENGINEER product (now marketed as Creo) and has since expanded its portfolio to address product lifecycle management, Internet of Things (IoT), augmented reality (AR) and industrial connectivity.

Key product lines include Creo for 3D CAD; Windchill for product lifecycle management (PLM); ThingWorx, an IoT platform for connecting devices and building industrial applications; Vuforia, an AR platform for creating immersive service and training experiences; and Kepware, a suite for industrial connectivity and protocol translation.